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Business

“Tesla’s China-made EV sales fall 18% in April; shares slip”

“U.S. automaker Tesla sold 62,167 China-made electric vehicles in April, down 18% from a year earlier, lagging the broader market’s surge, China Passenger Car Association (CPCA) data showed on Tuesday. Tesla shares fell 3.8% on Tuesday, amid concerns about softening… Continue Reading…

Stocks

“Lockheed Decision Sends This Satellite Stock Tumbling 20%”

“Lockheed Martin said it won’t buy a satellite start-up, sending shares of the latter sharply lower. The defense company said in a regulatory filing on Thursday that it withdrew its $1 per share bid for the stock in satellite solutions… Continue Reading…

Economy

“U.S. job growth totaled 175,000 in April, much less than expected, while unemployment rose to 3.9%”

“… …” https://www.cnbc.com/2024/05/03/jobs-report-april-2024-us-job-growth-totaled-175000-in-april.html

Stocks

“Carvana Father-Son Duo Make $11 Billion in 3,000% Stock Rebound”

“Ernie Garcia II and Ernie Garcia III have added more than $11 billion in combined net worth since December 2022, when Carvana stock fell below $4 a share as rising interest rates sapped sales and the company was forced to… Continue Reading…

Stocks

“Carvana shares spike 30% as used car retailer posts record first quarter”

“…Here is how the company performed in the first quarter, compared with average estimates compiled by LSEG: Carvana reported record first-quarter net income of $49 million, compared to a $286 million loss during the prior-year period. It also posted an… Continue Reading…

Business, Stocks

“Trump Media is up 92% since launching a crusade against short sellers”

“…The parent company of Donald Trump’s Truth Social released a press release on Monday, explaining to its retail investor base how to recall shares from short-sellers. “TMTG wants to clarify that if shares are currently on loan by brokerage firms to facilitate… Continue Reading…

Stocks

“Starbucks stock plunges 14% after badly missing its Q2 earnings estimates”

“…For its second quarter earnings, the company missed expectations across the board, posting lower-than-expected revenue, earnings, and same-store sales growth, as customers pulled back on the frequency of their visits and the size of their orders. Its shares opened 14%… Continue Reading…

Business, Stocks

“Shares of Nio soar more than 20% as EV deliveries more than double in April”

“Shares of Chinese electric vehicle maker Nio Inc jumped 20% Thursday after its vehicle deliveries more than doubled in April. Hong Kong-listed shares of the company jumped as much as 23% to 44.20 Hong Kong dollars, touching their highest level in over… Continue Reading…

Business, Stocks

“Peloton CEO Barry McCarthy to step down, company to lay off 15% of staff as it looks to refinance debt”

“Peloton announced Thursday that CEO Barry McCarthy will be stepping down and the company will lay off 15% of its staff because it “simply had no other way to bring its spending in line with its revenue.”… Peloton’s shares surged more… Continue Reading…

Stocks

“DJT shares close down more than 9% as Trump Media hot streak stalls”

“Trump Media shares dropped sharply Wednesday, closing down by more than 9.5%. Trump Media, which trades under the DJT ticker, closed at $45.16 per share, a loss of $4.77 per share. The company, which owns the Truth Social app, is still trading well below the… Continue Reading…